Author Archives: Camron Hoorfar

OxyContin Maker Purdue Nears Guilty Plea Agreement in U.S. Criminal Probe

Purdue Pharma LP, the OxyContin maker controlled by members of the wealthy Sackler family, is nearing an agreement to plead guilty to criminal charges as part of a deal to resolve U.S. Justice Department probes into its alleged role in … Continue reading

Posted in General | Tagged | Leave a comment

Restaurant Chain Ruby Tuesday Files for Chapter 11 in Delaware

Restaurant chain Ruby Tuesday Inc. filed Chapter 11 bankruptcy in Delaware as it seeks to stabilize its finances during the pandemic. The filing comes after the company reached an agreement with secured lenders to support a restructuring plan. Ruby Tuesday’s … Continue reading

Posted in General | Tagged , , | Leave a comment

Oct. 15 deadline nears for taxpayers who requested tax filing extensions

The IRS reminds taxpayers who filed an extension that the October 15 deadline to file is quickly approaching. Taxpayers should file on or before this deadline. Taxpayers are urged to file electronically, request direct deposit for refunds, and pay amounts … Continue reading

Posted in General | Tagged , | Leave a comment

Jackson County, Missouri Issues New Order about Bond and Release procedures

IT IS HEREBY ORDERED, effective immediately and continuing until November 30, 2020, as follows: 1. Any defendant arrested on a warrant who is to be delivered to the JCDC with any of the following bonds/bond amounts: A. $5,000.00/10% or any … Continue reading

Posted in General | Tagged , , | Leave a comment

Pressure Mounts on SBA to Forgive Loans, Prevent Fraud

The Treasury Department and SBA have not yet forgiven any of the 5.2 million emergency coronavirus loans issued to small businesses. Small businesses that received Paycheck Protection Program funds, as well as their banks, have been frustrated by the difficulty … Continue reading

Posted in General | Tagged , | Leave a comment

Southwest Seeks Pay Cuts from Unions to Avoid Layoffs Through 2021

Southwest Airlines said that it is asking unions to agree to pay cuts in order to prevent furloughs and layoffs as the industry struggles to slow losses from the coronavirus pandemic Unions represent about 83% of Southwest employees. Non-union staff … Continue reading

Posted in General | Tagged , | Leave a comment

Almost 1,600 Customers Say Wells Fargo Paused Their Mortgage Payments Without Their Consent

Nearly 1,600 Wells Fargo customers say the bank paused their mortgage payments without their consent according to communication that the bank sent to two U.S. senators in August and September. The letters also indicate that the bank didn’t know how … Continue reading

Posted in General | Tagged , , | Leave a comment

Regal Cinemas to Close All U.S. Theaters This Week

Cineworld announced today that it will close all of its movie theaters in the United States this week after the postponement of the new James Bond film left a big hole in schedules. The closures affected 536 U.S.-based Regal Cinemas … Continue reading

Posted in General | Tagged , | Leave a comment

IRS highlights employer credits for businesses during Small Business Week

During Small Business Week, the IRS reminds business owners and self-employed individuals of employer credits available during COVID-19. These special credits were created to help small business owners during this unprecedented times. Reach out to your tax professional to see … Continue reading

Posted in General | Tagged , | Leave a comment

Payroll Tax Deferral took effect Sept. 1, What does it mean for your paycheck?

President Trump’s payroll tax holiday took effect on September 1. Participating employers can expect heftier responsibilities, while workers who participate in the holiday could see a temporary pay boost this fall and a dip in January. The employees may see … Continue reading

Posted in General | Tagged , | Leave a comment